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How can sites like Madbid and other penny auctions sell their goods for so cheap and should you trust them?
GeorgeMacGregor
Sites such as Madbid and other penny auctions sell their goods so cheap because the bids must be bought in increments. Many of the bidding sites are trust worthy, but others may be scams. Always research the site online before buying bids.
Wiki User
∙ 10y ago
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What is e auctions?
Auctions are common in markets where the goods sold are valuable (like art) or when their prices can't be easily determined. The process of an auction aims to find a fair price for the goods by identifying buyers who need them the most. Such auctions are called forward auctions. In forward auctions buyers compete with each other by placing bids for the goods to be sold.
What is e-auction?
Auctions are common in markets where the goods sold are valuable (like art) or when their prices can't be easily determined. The process of an auction aims to find a fair price for the goods by identifying buyers who need them the most. Such auctions are called forward auctions. In forward auctions buyers compete with each other by placing bids for the goods to be sold.
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